Social Security Essay examples -- essays research papers

SOCIAL SECURITY The purpose of favorable aegis is to provide for the material needs of individuals and families, to protect recovered and disabled persons against the expenses of illnesses that may otherwise use up their savings to keep families together and to give children the chance to grow up healthy and secure.As I write this term paper, I will discuss the following topics, related to Social security measures 1.A brief history of Social Security.2.Types of Social Security benefits.3.How Social Security is financed.4.How you earn Social Security work credits.1.A brief history of Social Security06/08/34Federal legislation to move on Economic Security was recommended in President Franklin D. Roosevelts message to Congress.06/29/34President Roosevelt created the committee on Economic Security to study the problems related to economic security and make recommendations for a program of legislation.01/17/35The Committee on Economic Securities recommendations were introduced in th e 74th Congress. 04/19/35The Social Security Act was passed in the House of Representatives by a b in allot of 372 to 33.06/19/35The Social Security Act was passed in the Senate by a vote of 77 to 6.08/14/35The Social Security Act became law with President Roosevelts signature.08/23/35The Senate confirmed the presidents nomination of the original members of the Social Security Board, John G. Winant, Chairman, Arthur J. Altmeyer, and Vincent M. Miles. 10/14/36The first Social Security field office was opened in Austin, Texas. 11/09/36The Baltimore Office for Record Keeping Operations opened in the Candler Building.11/24/36Applications for Social Security account numbers were distributed by the post office. 01/01/37Workers began to acquire credits towards old-age insurance benefits. 01/37First application for benefits f... ...efits, How Social Security is Financed, and How you earn Social Security Work Credits. The quantify is ticking for the Social Security System with a gigantic baby boom generation approaching retirement age, Social Security faces a sustenance crisis. By about 2012 more money will be going out to Social Security recipients than will be coming in from workers payroll department taxes. The systems trust fund can cover the difference for a while, but by about 2032 the trust fund will be empty and the program will no longer be able to meet all of its obligations. Historically, politicians have had a simple, consistent position on Social Security, do nothing. However, a spirited bipartisan debate is raging in Capital Hill and across the nation, over a handful of possible changes, all of which were considered unthinkable a few years ago 1) Cutting benefits across the board (or however for the wealthy). 2) Raising the payroll tax across the board (or just for the wealthy). 3) Raising the age at which retirees become eligible. 4) Investing the trust fund more aggressively. 5) Letting workers contribute to personal security accounts that the go vernment would serve (or that workers would manage themselves).